Every one of us with an interest in the mortgage business, whether it be a vested financial interest or otherwise, has to be wondering what the future of the industry is going to look like. It’s pretty clear that the complete homebuying process from selecting a home through the entire mortgage process is moving online. How we get there, on the other hand, is a different story.
Source: New feed

The National Home Price Index, covering all nine U.S. census divisions, increased 5.3% annually in February, breaking a 10-month streak where the year-over-year figure increased over the previous month. Could this finally be the end of rapidly increasing home prices? First-time homebuyers could definitely use the break.
Source: New feed

While the Consumer Financial Protection Bureau is fighting to uphold its authority in a federal court, the governmental agency, which so often finds itself in the crosshairs of legislators and the financial industry, has a new enemy in the form of the Wall Street Journal’s editorial board, which authored a scathing takedown of the CFPB, questioning whether the agency is operating outside of the parameters of the Constitution.
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It’s no secret that California holds some of the hottest markets for real estate, but its ever-increasing sales prices and lack of new inventory is reducing the number of sales. The California Association of Realtors made predictions for the 2016 market, but how close were those predictions to reality?
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First-time homebuyers and those looking for a smaller, new home in the Dallas-Fort Worth area are out of luck now, and will remain that way into perpetuity, according to a new report from Metrostudy. That’s because homebuilding is booming in DFW, but not for smaller homes.
Source: New feed

A New Jersey man who was once convicted of bank robbery will spend the next 18 years in prison for his role in a $3 million conspiracy that scammed customers by offering phony consulting services to owners of timeshares.
Source: New feed

So far this year, the housing market has struggled to get itself off the ground, but according to an updated forecast report from Freddie Mac, housing is expected “to maintain its momentum in 2016 and be an economic engine of growth.” Here are the new predictions for this year, including what to expect from mortgage rates.
Source: New feed

The market is steadily catching up, and is close to resuming its pre-crisis percentage of cash sales, if it continues to fall at its current rate. Could full recovery happen as soon as next year?
Source: New feed

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About Randy Klingel

With years of experience as a licensed builder, real estate investor, and small business owner, I truly understand every aspect of the real estate industry, from home sales or purchases to new construction to laws and regulations. More than 18 years experience as a home builder and 20 years as a property investor have given me a passion for real estate that I am eager to share with all of my clients. This passion, along with an entrepreneurial spirit garnered from years as a small business owner, ensures I will go to any length to achieve my client’s real estate goals!